DBS, ABN AMRO, Others Arrange $1.8B Wilmar Facility

Wilmar International signed a $1.8 billion syndicated loan facility. The facility will be used to finance the general corporate and working capital requirements of Wilmar and its subsidiaries, including refinancing of existing debt.

Due to strong interest from the lenders during syndication, the facility was upsized from $1.5 billion to $1.8 billion to partially accommodate the oversubscription. The facility is comprised of two tranches: a $600 million three-year revolving credit facility and $1.2 billion five-year term loan.

Founded in 1991 and headquartered in Singapore, Wilmar International is an agribusiness group that focuses on oil palm cultivation, oilseed crushing, edible oils refining, sugar milling and refining, specialty fats, oleochemicals, biodiesel, fertilisers and rice and flour milling.